Southern Pacific Resource Corp STPJF

Energy Oil & Gas E&P

Southern Pacific Resource Corp. is a Canada-based company, which is engaged in the thermal production of heavy oil in Senlac, Saskatchewan on a property known as STP-Senlac, and thermal production of bitumen on a property located in the Athabasca region of Alberta known as STP-McKay, as well as exploration for and development of in-situ oil sands in the Athabasca region of Alberta. Its STP-McKay property consists of oil sands leases totaling approximately 37,760 acres. The Company’s operations also include Anzac, Hangingstone and Ells. The Company’s STP-McKay property is located approximately 45 kilometers northwest Ft. McMurray. The Anzac project covers approximately 117 kilometers of two-dimensional (2D) seismic. The Company owns 80% interest in Hangingstone project. The Ells project covers approximately 164 kilometers of two-dimensional (2D) seismic.

GREY:STPJF - Post by User

Southern Pacific Resource Corp

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Post by stockmysteron Dec 21, 2012 10:54am

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Post# 20761100

Well I think we have finally put in a bottom

With all of the tax loss selling and finally that large cross I think the bleeding has stopped. I know some of you aren't happy with the bashers but they allowed me to pick up some stock here at prices I never thought I would get. The stock always rebounds in the new year and I think it went from a lower share price than what we have today to a $1.90. That being said with the delivery of the rail cars for jamuary so that oil can be transported south for better margins, the ramp up of production and the quarterly financial in February fiscal cliff or not the stock will be higher. Funny thing is oil prices have picked up as of late.

Cheers and all the best in the new year

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